If the GDP Deflator Is 200 and Real GDP Is

question 12

Multiple Choice

If the GDP deflator is 200 and real GDP is $40 billion, then nominal GDP is:

• A) $8000 billion
• B) $20 billion
• C) $80 billion
• D) $2000 billion

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Definitions:

Confessional Behavior

A psychological phenomenon where individuals are compelled to admit or disclose their thoughts, feelings, or actions, often in a context that involves guilt or wrongdoing.

Attributions

Explanations that people construct to understand the causes of behavior, either their own or that of others.

Emotional Reactions

Responses that involve feelings, such as happiness, anger, or sadness, triggered by external events or internal thoughts.

Expectations

Beliefs or anticipations about the way events, actions, or behaviors should unfold in the future.